In a letter to Business Day, the United Association of SA (Uasa) indicated that it was pleased with the reappointment of Lesetja Kganyago as governor of the SA Reserve Bank (Sarb).  

His new term starts on 9 November 2019.  The trade union said that Kganyago had shown great leadership in a declining economy and it hoped for a return to economic growth, an investment-grade SA and a resulting increase in employment opportunities over the next five years of his tenure as governor.  The union noted that the President had also appointed two deputies, namely Fundi Tshazibana, who is currently the adviser to the governors of the Bank, and Rashad Cassim, head of economic research and statistics at the Bank.  It noted that, holding advanced degrees in economics and relevant experience, they both come with a wealth of information.

• Read Uasa’s letter at BusinessLive

Get other news reports at the SA Labour News home page